Worried about the housing market after COVID-19? You are not alone.
Apr 4, 2020 Worried about the housing market after COVID-19? You are not alone. Everyone, buyers and sellers alike, is trying to gauge the impact of COVID-19 on the housing market after life gets back to normal. How many people will be jobless, what will happen to mortgages, will the house prices take a dip, […]
Good news for Work-Permit holders to purchase property in Canada
On March 27, 2023, the Honourable Ahmed Hussen, Minister of Housing and Diversity and Inclusion, announced amendments to the Prohibition on the Purchase of Residential Property by Non-Canadians Act’s accompanying Regulations. These amendments are being introduced to make the purchase of housing more affordable for Canadians and enhance the flexibility of newcomers and businesses looking […]
Bank of Canada Raises Key Interest Rate, Putting Pressure on Borrowers and Homeowners
In a widely anticipated move, the Bank of Canada announced today a 0.25% increase in the key interest rate, pushing it to reach 5%. This decision, while aimed at tackling inflationary pressures, has unleashed devastating consequences for borrowers, particularly first-time homebuyers whose dreams of homeownership are rapidly fading away. Additionally, current homeowners find themselves under […]
TRREB home sales report for March 2020
April 3, 2020 The latest Real Estate sales figures for March have come out today. This is important to note that March is the month in which the first 14 days are referred to as pre-COVID-19 and 15th to 31st of March as post-COVID-19. So, it’s important to differentiate the two periods to fully understand […]
July-2023 Housing Report Review
July-2023 Housing Report Review The Toronto Region Real Estate Board (TRREB) has just released its July 2023 housing market report, and we’ve got a quick review to share with you! Contrary to common perceptions, total residential transactions rose by 7.8% compared to the same month last year. However, they did decrease by 8.8% when compared […]
Analysis on TRREB home sales report for Mid April 2020
April 23, 2020 Toronto Regional Real Estate Board (TRREB) has released sales figures for pre and post COVID-19 Sales data. We can see a sharp decline in both sales and new listings from April 1st to April 17th, 2020. Total residential transactions during the first 17 days in April went down remarkably by -69%. Total new […]
Good signals coming of some plans to gradual opening of businesses
April 28, 2020 All eyes are anxiously waiting for news of life getting back to normal, or to some sort of gradual reopening of businesses and social gatherings. In Canada, lates indications are coming towards the same. The Chief Medical Officer of Canada a few days back alluded to some sort of relaxation. So is […]
RE/MAX Canada is offering $40,000 in the form of a Scholarship Progr
Are you active in your community or do you have ideas on how to make it a better place to call home? Submit an essay of up to 1250 words answering one of the questions below and you could win $1000! 1. What does a “bright future” look like for you? 2. How have you […]
September-2023 Housing Report Review
September-2023 Housing Report Review The Toronto Region Real Estate Board (TRREB) has just unveiled its September 2023 housing market report, and we’re here to provide you with a concise overview of what transpired in the real estate scene for September. In a slight departure from the previous month, the total number of residential transactions experienced […]
Canadian Home Sales Experience September Slowdown
Canadian Home Sales Experience September Slowdown The latest statistics released by the Canadian Real Estate Association (CREA) indicate that national home sales have eased on a month-over-month basis in September 2023. Here are the key highlights from the report: September marked the third consecutive month of declining home sales, with this drop being less pronounced […]